WWF Wrestling Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : WWF Wrestling

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jonathan Lebed who wrote (4)	9/28/2000 5:50:18 PM
From: Paul Berliner	Read Replies (1) of 19

Pump this Lebed: World Wrestling Federation sees revenue shortfall World Wrestling Federation Entertainment, Inc. reported that financial results for the rest of the fiscal year ended 2001 will be below expectations. The changes are primarily due to downward revisions in the Company's full year estimates for revenue streams from licensing and commercial advertising, partially offset by upward revisions in revenue streams from its pay-per-view business. The Company is citing ineffective management of its licensing program as the primary reason for the shortfall. Annual revenues from core businesses are anticipated to be approximately 3% below prior estimates. The Company expects that EBITDA will be 8%-10% lower than prior estimates. As a result, there will be a modest impact to the second quarter with the majority of the impact occurring in the third quarter. Additionally, the Company has temporarily reduced its estimates for the sale of broadcast commercial inventory.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next